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3M plans to cut 2,500 jobs globally as outlook signals more turbulence

Business Standard LogoBusiness Standard4d ago

3M plans to cut 2,500 jobs globally as outlook signals more turbulence - Business Standard

Quick Summary:

3M shares dropped as much as 4.

It also faces liabilities over contamination caused by so-called forever chemicals, which the company plans to stop producing by the end of 2025.

Organic sales could fall as much as 3%, the industrial and consumer-goods conglomerate said.3M shares dropped as much as 4.7% before the start of regular trading in New York.


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Article Details

Author / Journalist: Ryan Beene | Bloomberg

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-24 @ 19:55:00 (4 days ago)

News Timezone: GMT +5:00

Ranking: #3107 (out of 5717 stories this day)

News Source URL: business-standard.com

Language: English

Article Length: 335 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 4730942

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 97 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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